Morgan Stanley Maintains Underweight on Walgreens Boots Alliance, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Underweight rating on Walgreens Boots Alliance and lowered its price target from $9 to $7.
October 11, 2024 | 12:36 pm
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Morgan Stanley has maintained an Underweight rating on Walgreens Boots Alliance and lowered its price target from $9 to $7, indicating a bearish outlook.
The Underweight rating and reduced price target from a major financial institution like Morgan Stanley suggest a negative outlook on Walgreens Boots Alliance's stock performance. This could lead to a decrease in investor confidence and a potential drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100